The tender has been oversubscribed by an aggregate capacity of 1,925 MW.

The successful bidder will be responsible for setting up the solar PV power projects, including the transmission network up to the delivery point. The power purchase agreements (PPAs) will be signed within one month from the date of issue of letter of award (LoA). The PPAs will be executed between GUVNL and the selected bidders for a period of 25 years from the date of commercial operations. The successful developers will have to secure the financing arrangements within nine months from the date of issue of LoA.